Enterprise software company Oracle India would look for business opportunities in banking and healthcare segments during the next one year, managing director Shekhar Dasgupta said.

"Oracle sees an opportunity for banking organisations in the newly formed Basel II accord which provides the incentive for an information management framework," Dasgupta said.

This, he said, would open new avenues for sales, marketing and customer service.

Basel II accord is aimed at establishing rigorous bank supervision and broader disclosures which would encourage advanced risk management practices and make the risks that banks choose to take more transparent to the investors.

Oracle's approach would be to harness the most powerful data warehouse technology, leading business applications and processes, the intelligent analytical tools to help banks conform to the accord, Dasgupta said.

He said healthcare too was going to be an emerging area. Oracle has developed a software -- healthcare transaction process - which conforms to global standards.

"This we can position in the healthcare industry along with partners. In the next one year we should start looking at the sector and coming up at a big way."

He said Oracle was very bullish on India for its great market potential as well as intellectual capital.

Since its entry into India, Oracle has serviced three traditional sectors -- manufacturing, telecom, and banks and financial services. The government is also one important sector for Oracle.

"The other important sector for us is pharma. The company has got two customers in the pharma sector in ERP, CRM and in Oracle Clinicals, a special software for the sector which does clinical trials," Dasgupta said.

The company's India development centre is the largest one outside the United States.

"In terms of development we are covering practically all the products in our Indian development centre and in Asia Pacific; we have grown from the 10^th to 5^th position in the last five years."

The centre at Bangalore concentrates on core technology products like Oracle database, 9i applications server, Oracle collaboration suite and the development tools.

The Hyderabad centre focuses on the 11i suite of products. Both the centres are in expansion mode.